Court Ruling Unleashes Lawsuit Against GM for Faulty Transmissions [Yahoo! Finance]
Dorman Products, Inc. (DORM)
Last dorman products, inc. earnings: 4/27 07:00 am
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Source: Yahoo! Finance
violated the laws of 26 U.S. states by intentionally selling hundreds of thousands of vehicles equipped with defective transmissions. The decision, issued by the 6th U.S. Circuit Court of Appeals, paves the way for a group of drivers to collectively sue GM over problems associated with its 8L45 and 8L90 eight-speed automatic transmissions, which were used in Cadillac, Chevrolet and GMC models produced between 2015 and 2019. The plaintiffs in this case have reported serious transmission issues, including shuddering and shaking when shifting into higher gears, as well as hesitation and lurching in lower gears, despite multiple repair attempts. Additionally, it has been alleged that GM instructed its dealers to reassure customers that these harsh shifts were merely "normal" behavior for the vehicles. GM attempted to dismiss the lawsuit by claiming that most vehicle owners did not experience these transmission problems and, thus, should not be included in the class action. However, th
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DORM
Earnings
- 10/31/24 - Beat
DORM
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- DORM's page on the SEC website